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Annual Report 2018 EASTERN CREDIT UNION

Supervisory Committee Report

for the period May 2018 to March 2019

The Supervisory Committee is pleased to report that during its tenure it has endeavoured to deliver its mandate
to the best of its ability and has achieved this with the cooperation and assistance of staff and members of Eastern
Credit Union.

Composition of the Supervisory Committee

Committee Member Position on Committee
Ms. Deborah Picou Chairperson
Ms. Anne-Marie Arnaud-Thomas Secretary
Ms. Maria Ann Joseph Member

Ms. Stacy Alleyne Member
Mr. David Taitt Member
Ms. Camille Rolingson 1 Substitute
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Ms. Dionne Compton 2 Substitute
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The Committee held its inaugural meeting on Tuesday 29 May, 2018. Ms. Deborah Picou and Ms. Anne-Marie
Arnaud-Thomas were selected as Chairperson and Secretary respectively.

Up to the time of submitting this report the Supervisory Committee has held twelve (12) Statutory meetings
during which we have examined and discussed many issues, as we pursue our duty as “watch dogs” over the
operations of the Board and Committees on behalf of the membership.

In the course of our reviews we have been responsible for making sure that the Board of Directors and Management
Team met the required financial reporting objectives, established practices and procedures sufficient to safeguard
members’ assets. This helps to avoid any impropriety and mismanagement of the members’ money.

Supervisory Committee Training

The Supervisory Committee recognizes the need for training to enable the team to perform at optimum levels.
Training has enabled the Committee to expand its knowledge base, develop its expertise and by extension, make
informed decisions. The Committee was afforded the opportunity and graciously participated in the following
training programmes.

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• The Internal Auditor’s Function of Supervisory Committees 12 May, 2018
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• CCCU Conference 5 - 20 June, 2018
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• Eastern Credit Union’s Annual Elected Official’s Retreat 6 - 8th July, 2018
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• CaribDE 13 - 18 January, 2019
NAVIGATING THE FUTURE TOGETHER 39